How much is homeowners insurance in Tampa,FL

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The average cost of homeowners insurance in Tampa is $5,165 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $2,661 more than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Tampa depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Tampa, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Tampa.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Tampa.

Key takeaways

The average cost of homeowners insurance in Tampa is $5,165 per year.
Travelers is the cheapest homeowners insurance company in Tampa with an average annual premium of $1,685.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $1,370 more a year for home insurance.

How much is homeowners insurance in Tampa per month

According to Insure.com’s rate analysis, residents of Tampa pay an average of $430 per month for homeowners insurance. This is $49 more than the state average of $381 and $221 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Tampa can vary depending on your location, property value, and selected coverage options.

How much is homeowners insurance for a $200,000 house in Tampa

The average cost of homeowners insurance in Tampa, FL is $3,795 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Tampa

Based on a rate analysis conducted by Insure.com, Tampa residents pay an average of $5,165 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $1,370 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

How much is homeowners insurance in Tampa by company

Among the carriers analyzed, Travelers is the most affordable homeowners insurance company in Tampa, offering an average annual rate of $1,685.

Security First Insurance ranks second, while HCI Group Inc holds the third spot with an average annual rate of $4,827.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Tampa and compiled a list of the most affordable options.

Below are the details of home insurance companies in Tampa and their average annual premiums.

Home insurance company	Annual rate
Travelers	$1,685
Security First Insurance	$3,661
HCI Group Inc	$4,827
Amer Integrity Ins Co of FL	$5,049
Heritage Insurance Holdings	$5,160
Nationwide	$5,278
State Farm	$6,005
Allstate	$6,048
Progressive	$6,109
Universal Insurance Holding	$7,142
Citizens Property Insurance	$7,447
FedNat Holding	$8,449

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Tampa for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.